Defaulted credit card and mortgage with same lender

dba2023

I am close to defaulting on a credit card with Virgin who my current mortgage is also with.  Anyone have any idea how this may impact me?

Brie

Might make it difficult to remortgage.  Certainly very likely no one else will want to offer you a mortgage with a default.  Virgin may be forced to give you one but it won't be at favourable raters.

steven141

I don’t have experience of this but I doubt that it will mean anything good. 

Do you have the option of applying for another credit card elsewhere with for example a 0% balance transfer rate for so long? This will allow you to pay the minimum payment but give you some time to get back on top of things. 

If the above isn’t an option, have you tried speaking with Virgin? They may be able to put you onto a payment plan of some sort.  

fatbelly

I doubt it will be a problem if you have to default on nonpriority debt, so be it. That's why they charge a high interest rate to everyone else.

dba2023

I am in the process of allowing my accounts to default before arranging payment options.  I am aware that this will mean no access to credit for a number of years.  My fixed deal comes to an end very soon so ideally I would want to fix again but wondering if this will be less likely now.

sourcrates

There will be few issues as long as the mortgage payments are made on time.

Re-mortgaging with the same lender usually requires no credit check.